Petronet LNG Ltd (NSE: PETRONET): There is a lot of activity on the stock market ahead of the interim budget, which will be announced on 1st February.
Thus, ahead of spending money, a budget expert has scoured for inexpensive securities in the PSU sector to purchase to help budget, for which he is particularly fond of the Petronet LNG.
₹260 Government Share Deal With Qatar; Target ₹418; Promoter- BPCL, HPCL, IOCL
Companies in the government sector are particularly interested in this. The company’s stock will be the center of future budget statements.
Buy Petronet LNG
The expert has advised Petronet LNG to purchase the LNG in cash. Since government-owned companies are acting in full force.
In this context, PSU shares that are cheap as well as attractive prices are being analyzed. Petronet LNG is currently trading for 8x Forward PE.
The stock is at the forefront. There are talks taking place with India and Qatar about a long-term arrangement on LNG imports that is extremely beneficial in the case of Petronet LNG.
Positive Trigger Regarding Petronet LNG
When the deal is concluded Petronet LNG’s margins are anticipated to grow by 15. Additionally, the profit is predicted to grow by 25 percent.
This implies that growth can be expected as regards operations and profits. Additionally, Petronet LNG is soon scheduled to begin work on construction of the third pipeline, which is 425 kilometers from Kochi up to Lake Tuticorin.
How Come Petronet LNG Is Becoming Less Expensive?
The main reason to purchase Petronet LNG shares cheaply was the drastic decline in the shares after its introduction into the petrochemical industry.
In the petchem sector, Petronet LNG also has ready-made customers. These include big names like BPCL, HPCL, and IOCL as well as promoters.
SIP advice on every fall
SIP also is a skeptic about Petronet LNG shares. SIP should be done for every share that falls by 25 rupees.
Anil Singhvi has said that in the event of a decline, investors must SIP for shares. Purchase shares with a time frame of between 1 and 2 years.
There is an upside potential of between Rs 350 and 418 for the share. The share is currently trading at 246 rupees.
He stated that the company owned by the government will double its income in the next four years.
About Petronet LNG Ltd
Petronet LNG Limited (PLL) is a company that carries out a range of supporting activities for natural gas and petroleum mining.
It develops, designs, constructs, manages, and owns Liquefied Natural Gas (LNG) and re-gasified natural gas liquefied (RLNG).
Its primary business involves Natural Gas, which is predominantly composed of butane, propane, methane, and ethane.
The terminals owned by the company include Kochi LNG terminal Dahej LNG terminal and Solid Cargo port.
Its subsidiaries include Petronet Energy Limited, Petronet LNG Foundation and Petronet LNG Singapore Pte. Ltd.
The total operating income from the business is 59899.35 crores. Its equity capital amount is 1500 crores.
Fundamental Analysis of Petronet LNG Ltd
| Market Cap | ₹ 39,040 Cr. |
| Current Price | ₹ 259.80 |
| 52-wk High | ₹ 266.30 |
| 52-wk Low | ₹ 191.70 |
| Stock P/E | 11.17 |
| Book Value | ₹ 107 |
| Dividend | 2.69 % |
| ROCE | 26.6 % |
| ROE | 22.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.42 |
| OPM | 9.31 % |
| EPS | ₹ 22.7 |
| Debt | ₹ 3,187 Cr. |
| Debt to Equity | 0.20 |
Petronet LNG Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹342 | ₹400 |
| 2025 | ₹415 | ₹428 |
| 2026 | ₹500 | ₹542 |
| 2027 | ₹598 | ₹670 |
| 2028 | ₹700 | ₹722 |
| 2029 | ₹742 | ₹785 |
| 2030 | ₹800 | ₹831 |
Petronet LNG Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 50.00% |
| Mar 2023 | 50.00% |
| June 2023 | 50.00% |
| Sept 2023 | 50.00% |
| Dec 2023 | 50.00% |
| FII Holding | |
| Dec 2022 | 34.85% |
| Mar 2023 | 34.81% |
| June 2023 | 34.27% |
| Sept 2023 | 33.31% |
| Dec 2023 | 26.82% |
| DII Holding | |
| Dec 2022 | 4.11% |
| Mar 2023 | 4.55% |
| June 2023 | 4.97% |
| Sept 2023 | 5.93% |
| Dec 2023 | 10.95% |
| Public Holding | |
| Dec 2022 | 11.03% |
| Mar 2023 | 10.66% |
| June 2023 | 10.77% |
| Sept 2023 | 10.76% |
| Dec 2023 | 12.21% |
Petronet LNG Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 38,395 Cr |
| 2020 | ₹ 35,452 Cr |
| 2021 | ₹ 26,023 Cr |
| 2022 | ₹ 43,169 Cr |
| 2023 | ₹ 53,838 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,155 Cr |
| 2020 | ₹ 2,698 Cr |
| 2021 | ₹ 2,949 Cr |
| 2022 | ₹ 3,352 Cr |
| 2023 | ₹ 3,403 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.01 |
| 2020 | 0.01 |
| 2021 | 0.01 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 6% |
| Current Year: | 2% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 23% |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 23% |
Sales Growth Over 10 Years:
| 10 Years: | 7% |
| 5 Years: | 14% |
| 3 Years: | 19% |
| Current Year: | 0% |
Conclusion.
This article is a complete guide about Petronet LNG Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: ₹155 Share: As Per Press Release, Company Terminated Agreement; Share Crashed
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